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2007 News Releases

For Immediate Release

March 29, 2007

Manulife launches “Matrix” – a total financial planning solution

An All-in-One and One-for-All adaptable investment linked insurance plan for those who want control

Hong Kong — Manulife (International) Limited has recently introduced a unique investment linked insurance plan called “Matrix”, underscoring its belief that customers’ financial planning needs today are not only about wealth accumulation but should include protecting that accumulated wealth, with options to change the plan as needs change.

“Life is like a matrix,” explained Bonita Leong, Vice President, Marketing and Finance, Individual Financial Products, Manulife (International) Limited, “with multi-dimensional financial needs that change with our circumstances and aspirations over time. Matrix was born out of our desire to come up with atotal financial solutionthat caters forchanging needs.”

“Cafeteria Approach” - choose just what you need for your financial planning
Matrix distinguishes itself by providing separate savings and protection insurance components. This enables a “cafeteria approach”, which means customers can pick and choose the savings and protection coverages that they believe meet their financial plan at any time. This is very different to bundled insurance products, where it is not as transparent how much is invested and how much goes to insurance costs at various stages of the plan. It’s also not the same as the investment linked insurance products nowadays which concentrate mainly on wealth accumulation.

With Matrix, the transparent “cafeteria” approach enables customers to pick just the protection coverages they need such as hospital insurance, critical illness, disability, life, maternity benefits and long term care – 18 choices in total at this point. As well, customers can decide on the investments they want for the long term and the shorter term - currently 26 funds, covering a wide range of sectors and geographic locations, including emerging market funds. With Matrix, after financial needs assessment, customers can take control as they can choose what fits their needs.

TWO first-in-the-market health benefits, exclusive to Matrix
Manulife introduces two “firsts” in the health benefits market, exclusive to Matrix. The more notable “first” is Golden Lifestyle Hospital Benefit, a hospital reimbursement plan with guaranteed renewable coverage to age 100, with an automatic increase in coverage at selected retirement ages of 55, 60 or 65, without the need for further evidence of insurability at the time too. The other “first” is Long Term Care Continuing Income Benefit, with the intention to provide a continuing income stream at retirement, as a result of becoming long term care disabled during the eligibility period, and for life, if this disability continues for life.

The introduction of these innovative health benefits on the Matrix platform recognises that health care costs are a prevailing concern for retirement planning. Estimates indicate 1 in 13 Hong Kong people over age 60 are long term care disabled, they are over three times more likely to require hospital stay and on average each stay would be over three times longer than for those below age 60*.

Disciplined regular savings account plus shorter term investment account
The investment portion of the plan also provides flexibility. It consists of two accounts, a regular savings investment account (Base Savings Account) to meet longer term goals and an optional Privilege Top-Up Account to meet shorter term goals or opportunistic investments.

For both accounts, customers can allocate their investments in up to 10 funds – 20 funds in total, out of the 26 available funds. Switching between funds can be done at any time too.

Good Value Financing Planning Solution
Customers can kick-start their policies with as little as HK$800 a month to their Base Savings Account, with Annual Bonuses and extra bonus from Super Saver Bonuses, which rewards those who stay committed to their savings goals in the plan.

Unlike mutual funds, these investment accounts offer additional payout to beneficiaries in the event of death – 110% of net premiums paid to the Base Savings account (including premiums paid for protection coverage and after deduction of any redemptions); and 101% of the account value of the Privilege Top-Up Account.

“Depending on customer needs, we will be adding more options to the Matrix platform,” said Ms Leong.

For more details about Matrix, please visit http://www.manulife.com.hk/manulife_public/english/ind/index.html.

*Source: Hospital Authority Statistics 2004-05.

About Manulife (International) Limited
Manulife (International) Limited is a member of the Manulife Financial group of companies. Manulife Financial is a leading Canadian-based financial services group serving millions of customers in 19 countries and territories worldwide. Operating as Manulife Financial in Canada and Asia, and primarily through John Hancock in the United States, the Company offers clients a diverse range of financial protection products and wealth management services through its extensive network of employees, agents and distribution partners. Funds under management by Manulife Financial and its subsidiaries were Cdn$414 billion (approximately HK$2,763.3 billion) as at December 31, 2006.

Manulife Financial Corporation trades as ‘MFC’ on the TSX, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com.

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For more information please contact:
Helena Lee / Jeanie Ho
Manulife (International) Limited
Tel: (852) 2202 1050 / 2510 3191
Fax: (852) 2234 6875
Email: helena_lee@manulife.com